Market analysis

Market Update Report August 1, 2024

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Market analysis: US Stock Futures Climb on Strong Tech Earnings and Fed Decision US stock futures climbed higher on Thursday, led by a significant jump in tech-heavy Nasdaq 100 futures, up nearly 1% due to strong quarterly results from Meta Platforms. Futures Performance: - Nasdaq 100 Futures: Up nearly 1% Extended Trading Highlights: - Meta Platforms: Rallied more than 7% on better-than-expected second-quarter results and upbeat guidance. - Arm Holdings: Tumbled more than 10% after issuing weak guidance for the current quarter. Wednesday's Market Performance: - Dow Jones Industrial Average: Rose 0.24% - S&P 500: Gained 1.58% - Nasdaq Composite: Rallied 2.64% Sector Highlights: - Chip Stocks: - AMD: Rose 4.4% on a strong quarterly performance. - Nvidia: Soared 12.8% - Broadcom: Gained 12% - Taiwan Semiconductor: Increased 7.3% Market Drivers: - Federal Reserve Decision: The Fed held its funds rate unchanged, signaling readiness to cut interest rates in September if inflation continues to improve. This dovish stance contributed to the market rally. Investor Focus: - Upcoming Earnings Reports: Investors continue to monitor earnings from major tech firms and other key sectors. - Economic Data: The highly-anticipated monthly jobs report on Friday will be a key focus for investors, providing further insights into the labor market and potential Fed actions. Conclusion: Thursday's market activity is buoyed by strong tech earnings, particularly from Meta Platforms, and the Federal Reserve's dovish signals. The positive sentiment in tech stocks is driving broader market gains, with investors looking ahead to additional earnings reports and crucial economic data. Looking ahead, the odds for USTEC and US30 to challenge 19,800 pts and 41,300 pts are high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

2024-08-01 09:14 Malaysia

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Market analysis

Market Update Report July 31, 2024

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Market analysis: US Stock Futures Mixed Ahead of Big Tech Earnings and Fed Decision US stock futures were mixed on Wednesday as investors evaluated major tech earnings and awaited the Federal Reserve's latest monetary policy decision. Futures Performance: - Dow Futures: Fell 0.4% - S&P 500 Futures: Rose 0.2% - Nasdaq 100 Futures: Rose 0.7% Extended Trading Highlights: - Microsoft: Tumbled 2.7% as disappointing cloud results overshadowed better-than-expected earnings and revenue. - AMD: Jumped 7.6% on strong quarterly results. - Nvidia: Rose 5%, buoyed by AMD's positive performance. Tuesday's Market Performance: - Dow Jones Industrial Average: Gained 0.5% - S&P 500: Fell 0.5% - Nasdaq Composite: Dropped 1.28% Market Dynamics: - Rotation Out of Megacap Tech: Investors continued to move away from megacap tech stocks amid doubts over the sustainability of the AI rally, focusing instead on more traditional sectors of the US economy. Investor Focus: - Earnings Reports: More earnings reports are expected on Wednesday, which will provide further insights into corporate performance and economic outlook. - Federal Reserve Policy Decision:** The market is closely watching the Fed's policy announcement for any indications regarding future interest rate cuts. Conclusion: Wednesday's market movements are likely to be influenced by the ongoing earnings season and the Federal Reserve's policy decisions. Investors will be parsing through big tech earnings and economic data to make informed decisions on their portfolios. Looking ahead, the odds for USTEC and US30 to challenge key level at 19,200 pts and 41,000 pts are high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

2024-07-31 15:58 Malaysia

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Market analysis

Market Update Report July 30, 2024

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Market analysis: US Stock Futures Ease as Investors Await Key Earnings and Fed Meeting US stock futures eased on Tuesday as investors cautiously awaited key earnings reports and the start of the Federal Reserve’s two-day policy meeting. Key Earnings Reports: - Before Market Open: JetBlue, Merck, Pfizer, PayPal, Procter & Gamble - After Market Close: AMD, Microsoft, Starbucks Federal Reserve Outlook: - The Federal Reserve is widely expected to hold interest rates steady this week, with expectations of a potential rate cut in September. Extended Trading Highlights: - CrowdStrike: Fell more than 5% following reports that Delta Air Lines hired an attorney to seek damages from CrowdStrike and Microsoft after an outage caused thousands of flight cancellations. Monday's Market Performance: - Dow Jones Industrial Average: Fell 0.12% - S&P 500: Inched up 0.08% - Nasdaq Composite: Gained 0.07% Notable Stock Movements: - Tesla: Jumped 5.6% following an upgrade recommendation from Morgan Stanley. - On Semiconductor: Soared 11.5% on strong quarterly results. - McDonald's: Rose 3.7% on robust earnings. Investor Focus: Investors are closely watching the earnings reports from major companies and any signals from the Federal Reserve’s policy meeting. The performance of key stocks and sectors, particularly technology and consumer goods, will be critical in determining market sentiment. Conclusion: Tuesday’s market activity is expected to be influenced by the anticipated earnings reports and the Federal Reserve’s policy meeting. Investors will be seeking insights from corporate earnings and Fed statements to gauge the economic outlook and potential market direction. Looking ahead, the odds for USTEC and US30 to challenge key level at 18,780 pts and 40,150 pts are very high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

2024-07-30 14:31 Malaysia

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Market analysis

Market Update Report July 29, 2024

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Market analysis: US Stock Futures Rise Ahead of Major Earnings and Fed Decision US stock futures rose on Monday as investors anticipate another round of earnings reports from mega-cap technology companies and look forward to the Federal Reserve's policy decision later this week. Key Earnings Reports: - Mega-Cap Tech Companies: - Apple - Amazon - Microsoft - Meta Platforms Other Major Firms Reporting This Week: - McDonald’s - Starbucks - Boeing - Exxon Mobil - Chevron Market Performance Last Week: - S&P 500: Fell 0.83% - Nasdaq Composite: Dropped 2.08% - Dow Jones Industrial Average: Gained 0.75% - Russell 2000: Rose 3.5% Market Dynamics: Investors are rotating out of mega-cap tech stocks into interest rate-sensitive sectors such as small-cap stocks. This shift reflects growing anticipation of the Federal Reserve's policy decisions and their potential impact on various market sectors. Federal Reserve Outlook: - The Federal Reserve is widely expected to hold interest rates steady at its upcoming meeting. - Traders are looking for signals on the Fed's approach to rate cuts in the coming months. Economic Data: - The Fed-preferred PCE price index report for June came largely in line with expectations, providing further context for the Fed's policy considerations. Investor Focus: Investors will be closely monitoring earnings reports from major tech companies and other key firms, as well as the Federal Reserve's statements, to gauge future market direction and economic outlook. Conclusion: This week's market activity will be heavily influenced by earnings reports from major corporations and the Federal Reserve's policy decision. The performance of mega-cap tech stocks and signals from the Fed on interest rate policies will be critical in shaping investor sentiment and market movements. Based on the stock market activity, it seems like the market is resuming its profit taking phase and a possible push up is very likely to happen in USTEC and US30 as both of them closed above 19,000 pts and 40,000 pts respectively. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

2024-07-29 11:20 Malaysia

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Market analysis

Market Update Report July 26, 2024

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Market analysis: US Stocks Close Mixed Amid Continued Tech Sell-Off US stocks closed mixed on Thursday as investors continued to offload some of this year's top-performing tech stocks for a second day, casting doubts on the sustainability of the AI-driven rally. This followed the market's worst sessions since 2022. Market Performance: - S&P 500: Fell 0.5% - Nasdaq 100: Slipped 1% - Dow Jones Industrial Average: Gained 81 points Market Drivers: - GDP Data: The US economy grew by a better-than-expected 2.8% in Q2, reinforcing views that the Federal Reserve can manage inflation without harming economic growth. This data initially supported gains but was not enough to sustain them. Sector Performance: - Gainers: - Energy - Industrials - Decliners: - Communication Services - Technology Notable Stock Movements: - Megacap Tech Stocks: - Microsoft: Fell 2.5% - Alphabet (Google): Dropped 3.1% - AMD: Declined 4.3% - Positive Earnings Impact: - AbbVie: Jumped 3.4% after posting upbeat results. - IBM: Soared 3.9% on strong earnings. - Significant Decline: - Ford Motor: Plunged 18.3% after missing second-quarter estimates, marking its worst decline since May 2009. Investor Focus: Investors remain cautious about the tech sector's valuation and sustainability of the AI-driven market rally. The mixed market reaction to robust GDP growth indicates that concerns over corporate earnings and future guidance are influencing investor sentiment. Conclusion: Thursday's mixed market performance highlights the ongoing volatility and sector rotation as investors reassess their positions in light of earnings reports and economic data. The substantial movements in key stocks underscore the market's sensitivity to earnings results and forward-looking statements from major corporations. Based on our research, recently there has been a minor divergence between the Nasdaq and the Dow, USTEC and US30 must close above key level at 19,000 pts and 40,000 pts in this mid short term market correction. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

2024-07-26 17:19 Malaysia

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Market analysis

Market Update Report July 25, 2024

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Market analysis: US Stocks Plunge on Broad Tech Sell-Off US stocks experienced a significant decline on Wednesday, driven by a broad sell-off in the technology sector following disappointing megacap earnings that raised concerns about the sustainability of the artificial intelligence-driven bull market. Market Performance: - S&P 500: Sank 2.3%, marking its worst day since December 2022. - Nasdaq 100: Dropped 3.6%, its worst day since October 2022. - Dow Jones Industrial Average: Tumbled 503 points. Key Stock Movements: - Alphabet (Google): Fell 5% due to higher-than-expected spending on AI initiatives and disappointing YouTube advertising revenue. - Tesla: Plunged 12.3% after reporting a 7% drop in automotive revenue, missing profit expectations, and announcing delays in its Robotaxi project. - Visa: Dropped 3.9% to its lowest level since December, attributed to a decrease in payments volume and processed transactions. - Chip Stocks: - Nvidia: Sank 6.8% - Broadcom: Lost 7.6% - Arm: Fell 8.1% - AT&T: Rose 5.1% after surpassing expectations for wireless subscriber additions. Sector Performance: The technology sector led the decline, significantly impacting broader market indices. Other sectors also experienced losses, reflecting widespread investor caution and profit-taking. Investor Focus: Investors are reevaluating the prospects of the AI-driven market rally amid underwhelming earnings reports from major technology firms. The substantial drops in high-profile tech stocks like Alphabet and Tesla have added to market volatility and uncertainty. Upcoming Earnings: - IBM: Scheduled to report earnings later today after the closing bell, with investors closely watching for any indications of market direction. Conclusion: Wednesday's market plunge highlights the fragility of the recent bull market, particularly within the tech sector. As earnings season continues, market participants will be closely monitoring corporate reports and guidance to gauge the sustainability of the current market trends. It seems like the market is poised for a healthy correction right now. Looking ahead, the chances for USTEC and US30 to challenge key levels at 18,950 pts and 39,600 pts are very high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

2024-07-25 11:54 Malaysia

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Market analysis

Update Report July 24, 2024

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Market analysis: US Stock Futures Plunge on Disappointing Tech Earnings US stock futures fell sharply on Wednesday following disappointing quarterly results from megacap tech firms Tesla and Alphabet. Extended Trading Highlights: - Tesla: Tumbled 8% after reporting a 7% decline in second-quarter automotive revenue. - Alphabet (Google): Dropped 2% despite beating earnings and revenue estimates, as YouTube advertising revenue missed forecasts. Tuesday's Market Performance: - Dow Jones Industrial Average: Shed 0.14% - S&P 500: Fell 0.16% - Nasdaq Composite: Lost 0.06% Sector Performance: - S&P 500 Sectors: Eight out of the 11 sectors finished lower, with energy, utilities, and consumer staples leading the declines. Notable Stock Movements: - UPS: Dropped 12.1% after missing earnings expectations. - General Motors: Fell 6.4% due to delays in its electric vehicle plans. - GE Aerospace: Jumped 5.7% after exceeding earnings and revenue estimates, citing improved profit margins and an elevated full-year outlook. Investor Focus: Investors are reacting to the mixed earnings reports, particularly the significant declines in Tesla and Alphabet stocks, which are weighing heavily on market sentiment. The broader market also saw declines, with most sectors finishing in the red. Looking Ahead: Market participants will continue to monitor earnings reports from major corporations, as well as any further economic data releases, to assess the broader market trajectory. The performance of tech stocks, in particular, will be crucial in determining near-term market direction. Based on past data, we can see that USTEC and US30 both are very likely to wander around 19,500 pts and 40,000 pts respectively. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

2024-07-24 16:50 Malaysia

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Market analysis

Friday 28th July

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Market analysis: Friday, July 28: The Nikkei 225 Index fell dramatically on Friday as markets reviewed the Bank of Japan's monetary policy decisions. The Japanese Yen swung wildly. After Thursday's surge, the US Dollar consolidated. Market participants will await Eurozone consumer and business confidence data and US Personal Consumption Expenditures (PCE) Price Index before the weekend. After the July meeting, the BoJ kept the policy rate at -0.1% and allowed the 10-year Japanese government bond yield to move within 0.5%. “Conduct yield curve control with greater flexibility, regarding the upper and lower bounds the range as references, not as rigid limits, in its market operations,” the bank said in its policy statement. Toyoaki Nakamura, a BoJ Board member, disagreed with the yield curve control (YCC) guidance, arguing that enterprises' earnings strength should be confirmed by financial statement statistics before allowing wider flexibility. USD/JPY rebounded from a 10-day low of 138.00 to trade above 139.00. The US Dollar Index (DXY) rebounded on Thursday after the Federal Reserve's policy statements, thanks to positive macroeconomic data. In June, Durable Goods Orders climbed 4.7% while US real GDP grew 2.4%. Weekly Initial Jobless Claims were 221,000, below market expectations of 235,000. On Thursday, the DXY climbed 0.5% and traded sideways over 101.50. After Thursday's losses, US stock index futures are up. The 10-year US Treasury bond yield is slightly below 4%. On Thursday, EUR/USD fell below 1.1000 for the first time in over two weeks due to the ECB's dovish tone and US Dollar gains. EUR/USD was holding losses at 1.0980 at press time. GBP/USD fell over 100 pips on Thursday and kept falling in the Asian session on Friday. After a three-week low of 1.2763, the pair recovered to 1.2800 in the European session. XAU/USD fell below $1,950 on Thursday as US yields rose. Early Friday, the pair recovers and stays above that level.

2023-07-28 19:21 Malaysia

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MarketMarket Update Report August 1, 2024

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Market analysis: US Stock Futures Climb on Strong Tech Earnings and Fed Decision US stock futures climbed higher on Thursday, led by a significant jump in tech-heavy Nasdaq 100 futures, up nearly 1% due to strong quarterly results from Meta Platforms. Futures Performance: - Nasdaq 100 Futures: Up nearly 1% Extended Trading Highlights: - Meta Platforms: Rallied more than 7% on better-than-expected second-quarter results and upbeat guidance. - Arm Holdings: Tumbled more than 10% after issuing weak guidance for the current quarter. Wednesday's Market Performance: - Dow Jones Industrial Average: Rose 0.24% - S&P 500: Gained 1.58% - Nasdaq Composite: Rallied 2.64% Sector Highlights: - Chip Stocks: - AMD: Rose 4.4% on a strong quarterly performance. - Nvidia: Soared 12.8% - Broadcom: Gained 12% - Taiwan Semiconductor: Increased 7.3% Market Drivers: - Federal Reserve Decision: The Fed held its funds rate unchanged, signaling readiness to cut interest rates in September if inflation continues to improve. This dovish stance contributed to the market rally. Investor Focus: - Upcoming Earnings Reports: Investors continue to monitor earnings from major tech firms and other key sectors. - Economic Data: The highly-anticipated monthly jobs report on Friday will be a key focus for investors, providing further insights into the labor market and potential Fed actions. Conclusion: Thursday's market activity is buoyed by strong tech earnings, particularly from Meta Platforms, and the Federal Reserve's dovish signals. The positive sentiment in tech stocks is driving broader market gains, with investors looking ahead to additional earnings reports and crucial economic data. Looking ahead, the odds for USTEC and US30 to challenge 19,800 pts and 41,300 pts are high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

FPGv我fpgaus

2024-08-01 09:14

MarketMarket Update Report July 31, 2024

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Market analysis: US Stock Futures Mixed Ahead of Big Tech Earnings and Fed Decision US stock futures were mixed on Wednesday as investors evaluated major tech earnings and awaited the Federal Reserve's latest monetary policy decision. Futures Performance: - Dow Futures: Fell 0.4% - S&P 500 Futures: Rose 0.2% - Nasdaq 100 Futures: Rose 0.7% Extended Trading Highlights: - Microsoft: Tumbled 2.7% as disappointing cloud results overshadowed better-than-expected earnings and revenue. - AMD: Jumped 7.6% on strong quarterly results. - Nvidia: Rose 5%, buoyed by AMD's positive performance. Tuesday's Market Performance: - Dow Jones Industrial Average: Gained 0.5% - S&P 500: Fell 0.5% - Nasdaq Composite: Dropped 1.28% Market Dynamics: - Rotation Out of Megacap Tech: Investors continued to move away from megacap tech stocks amid doubts over the sustainability of the AI rally, focusing instead on more traditional sectors of the US economy. Investor Focus: - Earnings Reports: More earnings reports are expected on Wednesday, which will provide further insights into corporate performance and economic outlook. - Federal Reserve Policy Decision:** The market is closely watching the Fed's policy announcement for any indications regarding future interest rate cuts. Conclusion: Wednesday's market movements are likely to be influenced by the ongoing earnings season and the Federal Reserve's policy decisions. Investors will be parsing through big tech earnings and economic data to make informed decisions on their portfolios. Looking ahead, the odds for USTEC and US30 to challenge key level at 19,200 pts and 41,000 pts are high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

FPGv我fpgaus

2024-07-31 15:58

MarketMarket Update Report July 30, 2024

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Market analysis: US Stock Futures Ease as Investors Await Key Earnings and Fed Meeting US stock futures eased on Tuesday as investors cautiously awaited key earnings reports and the start of the Federal Reserve’s two-day policy meeting. Key Earnings Reports: - Before Market Open: JetBlue, Merck, Pfizer, PayPal, Procter & Gamble - After Market Close: AMD, Microsoft, Starbucks Federal Reserve Outlook: - The Federal Reserve is widely expected to hold interest rates steady this week, with expectations of a potential rate cut in September. Extended Trading Highlights: - CrowdStrike: Fell more than 5% following reports that Delta Air Lines hired an attorney to seek damages from CrowdStrike and Microsoft after an outage caused thousands of flight cancellations. Monday's Market Performance: - Dow Jones Industrial Average: Fell 0.12% - S&P 500: Inched up 0.08% - Nasdaq Composite: Gained 0.07% Notable Stock Movements: - Tesla: Jumped 5.6% following an upgrade recommendation from Morgan Stanley. - On Semiconductor: Soared 11.5% on strong quarterly results. - McDonald's: Rose 3.7% on robust earnings. Investor Focus: Investors are closely watching the earnings reports from major companies and any signals from the Federal Reserve’s policy meeting. The performance of key stocks and sectors, particularly technology and consumer goods, will be critical in determining market sentiment. Conclusion: Tuesday’s market activity is expected to be influenced by the anticipated earnings reports and the Federal Reserve’s policy meeting. Investors will be seeking insights from corporate earnings and Fed statements to gauge the economic outlook and potential market direction. Looking ahead, the odds for USTEC and US30 to challenge key level at 18,780 pts and 40,150 pts are very high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

FPGv我fpgaus

2024-07-30 14:31

MarketMarket Update Report July 29, 2024

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Market analysis: US Stock Futures Rise Ahead of Major Earnings and Fed Decision US stock futures rose on Monday as investors anticipate another round of earnings reports from mega-cap technology companies and look forward to the Federal Reserve's policy decision later this week. Key Earnings Reports: - Mega-Cap Tech Companies: - Apple - Amazon - Microsoft - Meta Platforms Other Major Firms Reporting This Week: - McDonald’s - Starbucks - Boeing - Exxon Mobil - Chevron Market Performance Last Week: - S&P 500: Fell 0.83% - Nasdaq Composite: Dropped 2.08% - Dow Jones Industrial Average: Gained 0.75% - Russell 2000: Rose 3.5% Market Dynamics: Investors are rotating out of mega-cap tech stocks into interest rate-sensitive sectors such as small-cap stocks. This shift reflects growing anticipation of the Federal Reserve's policy decisions and their potential impact on various market sectors. Federal Reserve Outlook: - The Federal Reserve is widely expected to hold interest rates steady at its upcoming meeting. - Traders are looking for signals on the Fed's approach to rate cuts in the coming months. Economic Data: - The Fed-preferred PCE price index report for June came largely in line with expectations, providing further context for the Fed's policy considerations. Investor Focus: Investors will be closely monitoring earnings reports from major tech companies and other key firms, as well as the Federal Reserve's statements, to gauge future market direction and economic outlook. Conclusion: This week's market activity will be heavily influenced by earnings reports from major corporations and the Federal Reserve's policy decision. The performance of mega-cap tech stocks and signals from the Fed on interest rate policies will be critical in shaping investor sentiment and market movements. Based on the stock market activity, it seems like the market is resuming its profit taking phase and a possible push up is very likely to happen in USTEC and US30 as both of them closed above 19,000 pts and 40,000 pts respectively. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

FPGv我fpgaus

2024-07-29 11:20

MarketMarket Update Report July 26, 2024

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Market analysis: US Stocks Close Mixed Amid Continued Tech Sell-Off US stocks closed mixed on Thursday as investors continued to offload some of this year's top-performing tech stocks for a second day, casting doubts on the sustainability of the AI-driven rally. This followed the market's worst sessions since 2022. Market Performance: - S&P 500: Fell 0.5% - Nasdaq 100: Slipped 1% - Dow Jones Industrial Average: Gained 81 points Market Drivers: - GDP Data: The US economy grew by a better-than-expected 2.8% in Q2, reinforcing views that the Federal Reserve can manage inflation without harming economic growth. This data initially supported gains but was not enough to sustain them. Sector Performance: - Gainers: - Energy - Industrials - Decliners: - Communication Services - Technology Notable Stock Movements: - Megacap Tech Stocks: - Microsoft: Fell 2.5% - Alphabet (Google): Dropped 3.1% - AMD: Declined 4.3% - Positive Earnings Impact: - AbbVie: Jumped 3.4% after posting upbeat results. - IBM: Soared 3.9% on strong earnings. - Significant Decline: - Ford Motor: Plunged 18.3% after missing second-quarter estimates, marking its worst decline since May 2009. Investor Focus: Investors remain cautious about the tech sector's valuation and sustainability of the AI-driven market rally. The mixed market reaction to robust GDP growth indicates that concerns over corporate earnings and future guidance are influencing investor sentiment. Conclusion: Thursday's mixed market performance highlights the ongoing volatility and sector rotation as investors reassess their positions in light of earnings reports and economic data. The substantial movements in key stocks underscore the market's sensitivity to earnings results and forward-looking statements from major corporations. Based on our research, recently there has been a minor divergence between the Nasdaq and the Dow, USTEC and US30 must close above key level at 19,000 pts and 40,000 pts in this mid short term market correction. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

FPGv我fpgaus

2024-07-26 17:19

MarketMarket Update Report July 25, 2024

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Market analysis: US Stocks Plunge on Broad Tech Sell-Off US stocks experienced a significant decline on Wednesday, driven by a broad sell-off in the technology sector following disappointing megacap earnings that raised concerns about the sustainability of the artificial intelligence-driven bull market. Market Performance: - S&P 500: Sank 2.3%, marking its worst day since December 2022. - Nasdaq 100: Dropped 3.6%, its worst day since October 2022. - Dow Jones Industrial Average: Tumbled 503 points. Key Stock Movements: - Alphabet (Google): Fell 5% due to higher-than-expected spending on AI initiatives and disappointing YouTube advertising revenue. - Tesla: Plunged 12.3% after reporting a 7% drop in automotive revenue, missing profit expectations, and announcing delays in its Robotaxi project. - Visa: Dropped 3.9% to its lowest level since December, attributed to a decrease in payments volume and processed transactions. - Chip Stocks: - Nvidia: Sank 6.8% - Broadcom: Lost 7.6% - Arm: Fell 8.1% - AT&T: Rose 5.1% after surpassing expectations for wireless subscriber additions. Sector Performance: The technology sector led the decline, significantly impacting broader market indices. Other sectors also experienced losses, reflecting widespread investor caution and profit-taking. Investor Focus: Investors are reevaluating the prospects of the AI-driven market rally amid underwhelming earnings reports from major technology firms. The substantial drops in high-profile tech stocks like Alphabet and Tesla have added to market volatility and uncertainty. Upcoming Earnings: - IBM: Scheduled to report earnings later today after the closing bell, with investors closely watching for any indications of market direction. Conclusion: Wednesday's market plunge highlights the fragility of the recent bull market, particularly within the tech sector. As earnings season continues, market participants will be closely monitoring corporate reports and guidance to gauge the sustainability of the current market trends. It seems like the market is poised for a healthy correction right now. Looking ahead, the chances for USTEC and US30 to challenge key levels at 18,950 pts and 39,600 pts are very high. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

FPGv我fpgaus

2024-07-25 11:54

Market Update Report July 24, 2024

Related product: Others,Others,Others,Stock,Others,Others

Market analysis: US Stock Futures Plunge on Disappointing Tech Earnings US stock futures fell sharply on Wednesday following disappointing quarterly results from megacap tech firms Tesla and Alphabet. Extended Trading Highlights: - Tesla: Tumbled 8% after reporting a 7% decline in second-quarter automotive revenue. - Alphabet (Google): Dropped 2% despite beating earnings and revenue estimates, as YouTube advertising revenue missed forecasts. Tuesday's Market Performance: - Dow Jones Industrial Average: Shed 0.14% - S&P 500: Fell 0.16% - Nasdaq Composite: Lost 0.06% Sector Performance: - S&P 500 Sectors: Eight out of the 11 sectors finished lower, with energy, utilities, and consumer staples leading the declines. Notable Stock Movements: - UPS: Dropped 12.1% after missing earnings expectations. - General Motors: Fell 6.4% due to delays in its electric vehicle plans. - GE Aerospace: Jumped 5.7% after exceeding earnings and revenue estimates, citing improved profit margins and an elevated full-year outlook. Investor Focus: Investors are reacting to the mixed earnings reports, particularly the significant declines in Tesla and Alphabet stocks, which are weighing heavily on market sentiment. The broader market also saw declines, with most sectors finishing in the red. Looking Ahead: Market participants will continue to monitor earnings reports from major corporations, as well as any further economic data releases, to assess the broader market trajectory. The performance of tech stocks, in particular, will be crucial in determining near-term market direction. Based on past data, we can see that USTEC and US30 both are very likely to wander around 19,500 pts and 40,000 pts respectively. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

FPGv我fpgaus

2024-07-24 16:50

MarketFriday 28th July

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Market analysis: Friday, July 28: The Nikkei 225 Index fell dramatically on Friday as markets reviewed the Bank of Japan's monetary policy decisions. The Japanese Yen swung wildly. After Thursday's surge, the US Dollar consolidated. Market participants will await Eurozone consumer and business confidence data and US Personal Consumption Expenditures (PCE) Price Index before the weekend. After the July meeting, the BoJ kept the policy rate at -0.1% and allowed the 10-year Japanese government bond yield to move within 0.5%. “Conduct yield curve control with greater flexibility, regarding the upper and lower bounds the range as references, not as rigid limits, in its market operations,” the bank said in its policy statement. Toyoaki Nakamura, a BoJ Board member, disagreed with the yield curve control (YCC) guidance, arguing that enterprises' earnings strength should be confirmed by financial statement statistics before allowing wider flexibility. USD/JPY rebounded from a 10-day low of 138.00 to trade above 139.00. The US Dollar Index (DXY) rebounded on Thursday after the Federal Reserve's policy statements, thanks to positive macroeconomic data. In June, Durable Goods Orders climbed 4.7% while US real GDP grew 2.4%. Weekly Initial Jobless Claims were 221,000, below market expectations of 235,000. On Thursday, the DXY climbed 0.5% and traded sideways over 101.50. After Thursday's losses, US stock index futures are up. The 10-year US Treasury bond yield is slightly below 4%. On Thursday, EUR/USD fell below 1.1000 for the first time in over two weeks due to the ECB's dovish tone and US Dollar gains. EUR/USD was holding losses at 1.0980 at press time. GBP/USD fell over 100 pips on Thursday and kept falling in the Asian session on Friday. After a three-week low of 1.2763, the pair recovered to 1.2800 in the European session. XAU/USD fell below $1,950 on Thursday as US yields rose. Early Friday, the pair recovers and stays above that level.

iQasim

2023-07-28 19:21

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